The Plan Administrator may purchase, with plan assets or with amounts required from the employer(s), insurance protecting the plan and the Plan Administrator and the plan-trustee and any person who is or may be an indemnified party and any other person acting or providing services regarding this plan (whether or not the plan has or may have the power to indemnify such persons) from liability or loss occurring by reason of the act or omission of the insured person or entity.
(Ord. NIRC 97-1, passed 1-15-1997)